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VOL. 126 | NO. 205 | Thursday, October 20, 2011

Thomas & Betts Q3 Earnings Up 32 Percent

Memphis-based electrical component maker Thomas & Betts Corp. on Thursday, Oct. 20, reported 32 percent growth in net earnings for the third quarter and raised its earnings outlook for 2011.

Education on the Farm

Agritourism a growing business model in region

In the Mid-South, pumpkin picking, corn-maze meandering and hayrides across fields of crisp fallen leaves spell October – by far the busiest month for local agritourism businesses.

Possible Arena Suit Spotlights Funding

The possibility the city of Memphis could file a lawsuit against the NBA over the league’s still unresolved player lockout has cast a spotlight over the intricate funding plan that paid the debt associated with building FedExForum.

Overton Park Conservancy Delivers Tentative Plan

Memphis Mayor A C Wharton Jr. and City Attorney Herman Morris are examining a tentative management agreement for an Overton Park Conservancy to run the Midtown landmark that would remain under city of Memphis ownership.

City Council Delays Vote on Wrecker Ordinance

One of the most complex and technical parts of city government any Memphis City Council member can delve into is the rules that govern the city’s wrecker industry.

Local Weather
Currently
Memphis, TN
71.0°F
Overcast
Wind: from the Southwest at 17.3 gusting to 29.9 mph
Humidity: 76%

EVENTS

Vance Avenue Choice Neighborhoods’ neighborhood team, a joint community engagement effort by the University of Memphis’ graduate program in city and regional planning, the department of anthropology and The Vance Avenue Collaborative, will meet Thursday, Oct. 20, from 4:30 p.m. to 6:30 p.m. at The Emmanuel Center, 604 St. Paul Ave. The meeting will discuss how to integrate resident and community stakeholder interests, perceptions and visions into resident-led redevelopment and revitalization plans for the neighborhood.

more events »

South Main Preps for Fifth RiverArtsFest

Each fall, RiverArtsFest hosts hundreds of nationally renowned artisans and thousands of Mid-Southerners to celebrate the fine arts during a two-day outdoor festival that is free and open to the public.

Shea Touts Law Alternative To Litigated Divorce

The collaborative law movement has reached Memphis, and Wanda B. Shea, founding member of Shea Moskovitz & McGhee PLC, has helped an array of people using this relatively new brand of “no court” divorce.

LOCAL COLUMNISTS

What is Your Life Worth?

Ray’s Take: Before you start choosing between the various life insurance products, it’s important to first determine if you even need life insurance. Second, determine the amount needed. The type of contract should be the last decision. Performing a risk management analysis is an important first step to take before jumping into policy plans.

National Parking, Part 2

Jackson, Wyo. This charming town of 9,577 residents is the principal municipality of the area known as Jackson Hole. It’s also the seat of Teton County.

MEMPHIS AREA

Temple-Inland Q3 Profit Falls on Charges

AUSTIN, Texas (AP)Temple-Inland Inc., the box and building material producer that Memphis-based International Paper agreed in September to acquire, said Wednesday its third-quarter profit tumbled to a fraction of what it was a year ago, weighed down by hefty one-time charges.

STATE LEGISLATURE

Todd Returns to Legislature After DUI, Gun Arrest

NASHVILLE (AP) – State Rep. Curry Todd has returned to the Legislature for the first time since his arrest on drunken driving and gun charges.

NATIONAL BUSINESS

Consumers Paid More for Food, Gas in September

WASHINGTON (AP) – Consumers paid more for food and gas last month, although inflation outside those volatile categories was tame.

Workers’ Worries Over Retirement Security Deepen

DES MOINES, Iowa (AP) – Worker skepticism about having enough money to retire comfortably has taken a nosedive in a new national survey. Just 23 percent say they're very confident about being able to pay basic living expenses in retirement. That's down from 46 percent in 2008.

Airlines Hike Fares for 1st Time Since Summer

NEW YORK (AP) – Holiday travelers may want to lock in airfares now, because they're going up.

Citigroup Paying $285M to Settle SEC Fraud Charges

WASHINGTON (AP) – Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investment just as the housing market was starting to collapse.

Morgan Stanley Outdoes Rivals; Earns $2.2B

NEW YORK (AP) Morgan Stanley emerged from the tumultuous third quarter in better shape than most of its Wall Street rivals.

NATIONAL POLITICS

Education Makes Political Comeback

WASHINGTON (AP) – A rare show of bipartisanship in a divided Congress produced a deal to fix an education law long considered flawed, until a single senator stalled progress Wednesday, Oct. 19.

Obama Teams Up With Wife to Finish Bus Tour

NORTH CHESTERFIELD, Va. (AP) – President Barack Obama teamed up with his popular and personable wife Wednesday on the final leg of a three-day bus trip, seeking to use her broad appeal to rally support for elements of his jobs bill and his re-election campaign.

US Fed Survey Suggests Hazy Outlook for Economy

WASHINGTON (AP) – Most areas of the country reported slight economic improvement in September and early October, according to a Federal Reserve survey of its 12 bank regions. But several regions said a hazier economic outlook is making businesses more cautious and holding back their spending.

Gov't Audit: Fed Bank Boards Lack Diversity

WASHINGTON (AP) – A government watchdog says the boards of regional Federal Reserve banks need stronger policies to avoid conflicts of interest.

Social Security Benefits to Go Up 3.6 Percent

WASHINGTON (AP) – Social Security benefits will go up by 3.6 percent next year, the first increase since 2009 for the one in five Americans who rely on government retirement and disability programs.

REAL ESTATE

Home Building Jumps 15 Percent in September

WASHINGTON (AP) – Home builders started projects in September at the fastest pace in 17 months, a hopeful sign for the economy.

HEALTH CARE

Senate Plans Express Scripts-Medco Hearing

NEW YORK (AP) – A Senate antitrust subcommittee plans to hold a hearing on the proposed combination of pharmacy benefits managers Express Scripts Inc. and Medco Health Solutions Inc. It would be the second committee to look into the $29.1 billion deal.

TECHNOLOGY

Tiny US Phone Co. is Getting iPhone

NEW YORK (AP)Apple Inc. said Tuesday that C Spire Wireless, the country's eighth-largest phone company, will start selling the iPhone 4S in a few weeks.

Amazon Expands Video Licensing Deal With PBS

SEATTLE (AP) – Online retailer Amazon.com Inc. said Wednesday that it has expanded its licensing agreement with PBS to let members of its Amazon Prime premium shipping program watch current and older PBS programs.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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